'Flow', 'Mastery' & The 'Way' of the Trade

THE SECRET OF SUCCESSFUL TRADING!!

At the Gorge of Lu, the great waterfall plunges for thousands of feet, its spray visible for miles in the churning waters below, no living creature can be seen. One day, K'ung-fu-Tse was standing at a distance from the pool's edge, when he saw an old man being tossed about in the turbulent water. He called to his disciples, and together they ran to rescue the victim. But by the time they reached the water, the old man had climbed out onto the bank, and was walking along singing to himself. K'ung fu-tse hurried up to him. "You have to be a ghost to survive that," he said, "but you seem to be a man, instead. What secret power do you have?" "Nothing special," the old man replied. "I began to learn while very young, and grew up practicing it. Now, I am certain of success. I go down with the flow and come up with the flow. I follow it and forget myself. I survive because I don't struggle against the flow's superior power. It's as simple as that."

Are you going with the flow or still fighting the trend?? Follow the old man's example and be a happy, healthy, profitable trader in 2003.

(This quote was taken from a Holiday Letter by Edward Toppel http://www.samuraitrader.com )
 
1. Buy low, sell high.
2. Let profits run, cut losses quickly.
3. Add to a winning position, not a loser.
4. Go with the trend.

-- Zen In The Markets by Edward Toppel
 
Master Po (blind): "do you hear the grasshopper at your feet?"

Young Caine: "old man, how is it that you hear these things?"

Master Po: "young man, how is it that you do not?"

- from Kung Fu the movie
 
Master Po: Take the marble from my hands.
Young Caine: I could not.
Master Po: When you snatch the marble from my hand, then you can get the hell outta here.

- - -

Master Yoda- The is no try. Only do or do not.
 
For the true warrior, there is no warfare.

-The Sacred Path of the Warrior


The market has no feelings and is, in fact, quite indifferent to your inner turmoil. There is no warfare. Make peace with yourself and go with the flow.
 
Quote from PuffyGums:

If you should meet a Buddah trader on the road, slap him.

(BTW I was amused by the Ameritrade ad on CNBC, the one where the guy 'believes in himself and believes in the market.' Then is shows him practicing martial arts.

A much better analogy for traders is probably what advanced chess players do when they learn how to quickly classify board postions. If you want to know what its like to get good at trading then read the literature on chess expertise and find out what its like to get good at chess. I can't really see how chasing your tail with these Zen sayings is going to help anyone actually place a trade.)

i love the tv advertisement where the guy is trading in his den and gets so wound-up he crashes through his window onto his own front lawn. he comes out if it and looks at 2 neighbors walking along the sidewalk - he's like "what happended?" i dont watch tv, but i'd see it at the gym occassionally. there were a lot of messages in the ad; i kinda believe the creator of the ad had his own message for his "clients." that commercial is a "classic."
 
Quote from PuffyGums:

If you want to know what its like to get good at trading then read the literature on chess expertise and find out what its like to get good at chess.


Any books/videotapes or something you'd recommend?

Robert
 
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